- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Investors & landlords
I have a question related to this thread. We have a house we rent out short term and we use it for personal use more than 14 days a year. We make more than $150K (W2) per year and we have losses that was deducted from our AGI (Only $8000 or so deducted) Although the losses are much more than that. It won't show any passive loss to be carried over on form 8582. I understand using the house for personal use might have to do with this, but I don't understand why if I use 14 days or more, I get to pay less taxes and zero losses to carry over, but if I use it for personal use less than 14 days or less than 10% of the days rented, I get to carry over more than $50K in losses.
‎April 17, 2022
10:14 AM